CHAPTER 524

FORMERLY

SENATE BILL NO. 572

AS AMENDED BY

SENATE AMENDMENT NO. 1

AN ACT TO AMEND CHAPTER 9, TITLE 5 OF THE DELAWARE CODE RELATING TO LOAN LIMITATIONS.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE:

Section 1. Amend 5909 of Chapter 9, Title 5, Delaware Code, by adding at the end of paragraph (b) thereof the following:

"Nor shall such limitations apply to the sale of Federal funds to banks insured by the Federal Deposit Insurance Corporation, or the purchase of securities under agreements to resell provided such sales and purchases shall be repayable on the banking day next following their date of execution."

Approved July 12, 1978.